Greater Miami Home Sales Uptick as Luxury Demand and Cash Buyers Power Market
Friday, February 20, 2026
๐๏ธ๐ MIAMI MARKET SNAPSHOT: Total sales 1,869 in January - up +1.2% YoY
๐๐ LUXURY ($1M+): Sales surged +21% YoY
๐กโฌ๏ธ SINGLE-FAMILY: Sales +2.8% YoY, median price $699,990 (+3.7%), price gains in 168 of last 170 months
๐ขโก๏ธ CONDOS: Prices up in 163 of last 176 months
๐ตโ CASH BUYERS: 44% of all closings were all-cash (vs ~27% national average)
๐ฐ๐ DOLLAR VOLUME: $1.6B total volume (+13% YoY) - $936M single-family, $638M condos
๐จโฌ๏ธ DISTRESS: Distressed sales just 2% of total market











